Why is Rhetan TMT Ltd falling/rising?

As of 29-Aug, Rhetan TMT Ltd is experiencing a decline in its stock price, currently at 17.85, reflecting a decrease of 0.14 or 0.78%. The stock has underperformed its sector by 0.82% today and has seen a trend reversal after eight consecutive days of gains. Despite a positive performance over the last month with a return of 6.38%, the stock has a year-to-date decline of 22.49%. The company has faced significant challenges, including a weak long-term fundamental strength indicated by a -8.10% CAGR growth in net sales over the past five years and negative results in June, where net sales grew at -63.71%. Additionally, the stock's valuation appears expensive with a high PEG ratio of 9.6, and domestic mutual funds hold no stake, suggesting a lack of confidence in the stock's price.
Broader Market Context: In the context of the broader market, Rhetan TMT Ltd's performance has been relatively strong compared to the benchmark, as it has generated a return of 31.06% over the past year while the Sensex has declined by 2.83%. However, in the short term, the stock's recent performance has not aligned with the market, as it has fallen while the benchmark has shown negative returns of -1.84% over the past week. This divergence indicates that while the stock has had periods of strong performance, current market conditions and company fundamentals are contributing to its recent decline.